Property Overview: 365 Union Avenue W, Winnipeg
Key Characteristics & Buyer Appeal
This is a compact, one-storey home built in 1913, situated on a modest 2,264 sqft lot in the Chalmers neighbourhood. Its key features include an 800 sqft living area, an unrenovated basement, and a detached garage. The data reveals a property that is consistently below average in size and value compared to the wider city, but more in line with—or even slightly above—the scale of its immediate street and neighbourhood. This creates a distinct appeal: it represents an entry point into the housing market with very low property taxes, given its assessed value is a fraction of the Winnipeg average. Its straightforward layout and detached garage offer basic utility.
The property would suit a pragmatic, budget-conscious buyer, such as a first-time homeowner willing to take on a project, or an investor looking for a low-cost rental opportunity. Its appeal isn't in grandeur, but in affordability and simplicity. A less obvious perspective is that its older age (1913) and smaller scale on a smaller lot could represent a lower environmental footprint and reduced maintenance overhead compared to larger, newer homes—a practical consideration for some.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
The assessed value reflects the property's relatively small size, older age, and unrenovated condition compared to the broader Winnipeg market, which includes many larger, newer, and updated homes.
2. What does "below average" for land area on the street mean?
While the lot is smaller than most on Union Avenue W, it's important to note that lots on this street are generally smaller than those in the wider Chalmers area and the city. You're getting a typically-sized lot for this specific block.
3. Is the basement finished or usable?
The listing specifies the basement exists but is "not renovated." Buyers should anticipate it being in a rough, unfinished state suitable for storage or mechanicals, not living space.
4. How recent are the sale details, and what do they indicate?
The home last sold in December 2016 for $14,600. This historical price point, significantly below the current assessed value, underscores the property's long-standing position as an affordable option in the market.
5. What are the likely ongoing costs like for this home?
A major potential benefit is low municipal property taxes due to the low assessed value. However, buyers should budget for typical maintenance and potential updates expected for a 110+ year-old home, and consider heating/cooling efficiency for an older structure.